Act East Forum gets push with upcoming summit
ECONOMY & POLICY

Act East Forum gets push with upcoming summit

Reportedly, as a boost to India’s ‘Act East Policy’ and Japan’s ‘Free and Open Indo Pacific Strategy’, the first annual Indo-Japan summit will be held from December 15 to December 16. The gathering of the two nations is expected to set the ball rolling on their Act East forum given that Japan is planning investments of around Rs 130 billion in the eight North Eastern states of India.

It is reported that Japan is currently weighing investments towards numerous projects in the region, including – a water supply project in Guwahati, a road network in Assam-Meghalaya and forest management and agriculture projects in other states of the region. It is estimated that new plans and blueprints will be announced at the upcoming summit for more projects in the area – given its close proximity to Southeast Asia.

Recently, on November 30, the two countries participated in a dialogue where the respective defence and foreign ministers underlined various points of discussion – top of which is reported to be Japan’s involvement in the North East region of India.

Reportedly, Japan’s involvement in providing aid for developing North East began in 2011 with the overseas development assistance (ODA) but actually picked up post 2014.

Additionally, as reported, the Japan International Cooperation Agency (JICA) signed a memorandum with the Indian Government in 2017 with the aim of providing $610 million for the first phase of the North East Road Network Connectivity Improvement Project for projects in Meghalaya and Mizoram. The Act East Forum was established subsequently with the purpose of economic enhancement in the region.

Reportedly, as a boost to India’s ‘Act East Policy’ and Japan’s ‘Free and Open Indo Pacific Strategy’, the first annual Indo-Japan summit will be held from December 15 to December 16. The gathering of the two nations is expected to set the ball rolling on their Act East forum given that Japan is planning investments of around Rs 130 billion in the eight North Eastern states of India. It is reported that Japan is currently weighing investments towards numerous projects in the region, including – a water supply project in Guwahati, a road network in Assam-Meghalaya and forest management and agriculture projects in other states of the region. It is estimated that new plans and blueprints will be announced at the upcoming summit for more projects in the area – given its close proximity to Southeast Asia. Recently, on November 30, the two countries participated in a dialogue where the respective defence and foreign ministers underlined various points of discussion – top of which is reported to be Japan’s involvement in the North East region of India. Reportedly, Japan’s involvement in providing aid for developing North East began in 2011 with the overseas development assistance (ODA) but actually picked up post 2014. Additionally, as reported, the Japan International Cooperation Agency (JICA) signed a memorandum with the Indian Government in 2017 with the aim of providing $610 million for the first phase of the North East Road Network Connectivity Improvement Project for projects in Meghalaya and Mizoram. The Act East Forum was established subsequently with the purpose of economic enhancement in the region.

Next Story
Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

Next Story
Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

Next Story
Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000